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(ASC X12) 1081 Loan Purpose Code


Code identifying the reason the loan is needed


1Purchase Existing Home Previously Occupied
2Purchase Existing Home Not Previously Occupied
3Finance Improvement to Existing Property
4Construct Home
6Purchase New Condominium Unit
7Purchase Existing Condominium Unit
8Finance Co-Operative Purchase
9Manufactured Home
10Manufactured Home and Lot
11Manufactured Home and To Buy Lot
12Manufactured Home and Lot Loan Refinanced
13Construct New Home and Convert to Permanent
14Purchase Unimproved Land
15Other Loan Purpose
16Purchase, Purpose Unidentified
17Single Family
18Multifamily Construction
19Multifamily Project
20Single Family Serial Note
21All Terrain Vehicle
22Dirt Bike
23Farm Equipment
24Jet Ski
28Home Equity
30Purchase Money Mortgage
31Additional Financing
ALAuto Lease
CCCharge Cards
COCharged Off
CTCamper or Trailer
FMFirst Mortgage Real Estate
MHMobile Home
REReal Estate
RVRecreation Vehicle
SLStudent Loan
SMSecond Mortgage Real Estate
SOSharedraft Overdraft

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